Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Work hard, play hard. All day, all night. That’s the motto of a new hotel proposed for bustling East Washington Avenue. Read the Wisconsin State Journal story here
London’s revenue per available room increased 3.8% in 2019 and likely will see 1.9% growth this year, while the larger UK saw a 2% drop in 2019 and is predicted to slip 0.3% in 2020. Europe ended 2019 with a 2.3% increase in RevPAR “and
Dunkin‘ was No. 1 on Entrepreneur‘s list of the top 500 franchises, with Taco Bell and McDonald’s in the top three. Food remained the largest category but did shrink slightly, and maintenance was the second largest. Read the Entrepreneur online story here
Hotel Indigo is opening in another Alabama city. The hotel developed by Chattanooga-based ViaNova Development is planning a location in Huntsville in the city’s $850 million mixed-use MidCity development. The hotel will be located along Nunnuhsae Park Drive. Read The Business Journals story here
Paris, Spain’s second-tier cities and Baku in Azerbaijan are among Europe’s anticipated hot markets in the coming five years, according to a deep dive into hotel development in several areas. Barcelona and Amsterdam, on the other hand, are suffering from over-tourism. Read the Hotel News
The popularity of e-commerce has led Bose to close 119 stores in North America, Europe, Australia and Japan, though it is keeping 130 stores in the Middle East and Asia. The electronics company opened its first store in 1993 with the idea of giving people
College Park’s hotel scene grew exponentially during the tail end of the last decade and it appears poised to continue that growth into the next. Read The Business Journals story here
Although Amazon has declined to comment, there is mounting evidence that the company is planning to open a small grocer in Washington, D.C. A permit was issued for Amazon to build out an 8,000-square-foot store in a mixed-use project on 14th Street NW, and the
Graduate Hotels has reached his goal of opening 20 properties in college towns and now has big plans to expand into campus areas of larger cities. The six-year-old independent boutique chain is facing competition from similar operations as well as the major chains. Read the
CVS Health will remodel about 12 stores every week to end the year with 600 HealthHUB locations by year’s end. HealthHUB stores feature more services and health-related products and the small number of locations that have been transformed so far are seeing higher traffic. Read
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